What are the Primary Incentive Pay Levels?

A type of wage or salary payment given to employees in addition to their regular pay or salary is known as incentive pay.

Employees are encouraged to work harder or achieve particular goals through the use of incentive pay.

Individual bonuses, group bonuses, or payments for profit sharing are all possible forms of compensation.

Performance-based pay systems, in which workers are compensated for achieving or exceeding predetermined performance goals, frequently work in tandem with incentive pay.